JUAN REDIN
Senior Deputy General Counsel
Metropolitan Water District of Southern California
Juan is senior deputy general counsel at the Metropolitan Water District of Southern California (MWD), where since July 2019, he provides invaluable strategic advice and counsel to mid- and senior-level management regarding debt administration, project finance, power issues, and diversity and inclusion efforts.
MWD is a wholesale water provider in Southern California. It is the largest supplier of treated water in the US serving nearly 19 million people across 5,200 square miles over six counties. MWD faces a variety of long-term challenges in providing continued adequate, reliable and high-quality water supplies within Southern California. While MWD contains large amounts of water storage to mitigate against such drought conditions, reduced demand from water shortage contingency plans could result in lower revenues. To address this possibility, MWD is proactive in analyzing opportunities to lower costs.
Redin has been instrumental in supporting MWD’s efforts to address these various challenges by providing zealous representation and strategic advice on its debt structure and critical capital improvement program. For example, Redin is lead in-house counsel representing MWD in its issuance of $258 million of Water Revenue Bonds to finance refurbishments and improvements to its distribution system, including the 242-mile Colorado River Aqueduct.
Redin also developed a combined tax-exempt fixed rate and taxable VRDB refunding transaction that was innovative, seamlessly executed and produced significant refunding savings relative to conventional alternatives. The innovative solution was to advance refund its 2015 Authorization Series A and 2016 Series A Bonds without incurring the higher costs of taxable fixed rate bonds.
